Monday, February 2, 2015

Intelligent Risk Taking

After watching last night's game, I thought about how many time we (Young Professionals) make bad calls that are game changers for our careers. 

If you don't already know here's the situation. With a minute to play, second and goal @NewEnglandPatriots 1 yard line, Russell Wilson threw an interception instead of handing it off to Marshawn Lynch. Game Over.

There will be plenty of times in your career where you will have to face a decision. Be prepared to take on risk but make sure it is intelligent risk.

In Reid Hoffman's "The Start-Up of You", he talks about taking on intelligent risk in order to find opportunities that others will miss. Here is an excerpt from his book:

Make Reversible, Small Bets

Occasional missteps are to be expected when you take this experimental approach to career planning. It's the "error" part of trial and error. But these errors needn't be permanent. Good Plan A's can be stooped or reversed or morphed into a Plan B. A good Plan A minimizes the cost of failure. Don't bet the farm. Iterate bit by bit, learn experience by experience. Start with a trial period. Keep your day job. ABZ planning embraces recoverable failure so long as it generates real lessons.

Taking this approach will allow you to take on a new opportunity without compromising your current career path. Next time you are thinking about switching career paths try following before quitting your job.

1. Volunteer
2. Intern
3. Start a Blog
4. Network
5. Take a class

By doing this you will be more informed and will be able to mitigate any risk you are confronted with. 

"I can accept failure. Everybody fails at something. But I can't accept not trying. Fear is an illusion." -- Michael Jordan

Don't be afraid to try, take intelligent risks!

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